Orascom Telecom, parent organisation of Pakistan’s leading cellular company, is in talks to acquire a microfinance bank in order to enter the financial business and strengthen its appearance in the country.
The News has learnt that a delegation of Orascom comprising almost seven members including the former CEO Mobilink Zohair Khaliq is currently in Pakistan to look this deal. In this regard the first round of talk between the Orascom people and State Bank of Pakistan (SBP) was already held while the company has seriously been looking to acquire the microfinance bank in order to improve the mobile commerce services.
The team of Orascom has been looking into legal matters, regulations and other issues concerned in this regard.
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